Bringing Nationwide and Virgin Money together.
Following Court approval on 23 February 2026, Virgin Money’s business is expected to become part of Nationwide on 2 April 2026. These changes could impact your protection under the Financial Services Compensation Scheme (FSCS).
Your eligible deposits held by a UK establishment of Clydesdale Bank PLC are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Clydesdale Bank, Yorkshire Bank and Virgin Money. Any total deposits you hold above the limit between these brands are unlikely to be covered.